The global automotive compressed natural gas cylinders market is expected to grow at a CAGR of 5.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market can be attributed to the increasing demand for natural gas as an alternative fuel in the transportation sector, owing to its low emission levels and high efficiency.
The global automotive compressed natural gas cylinders market is segmented on the basis of type, application, and region. On the basis of type, it is segmented into steel cylinders, aluminum alloy cylinders, and composite materials cylinders; on the basis of application it is segmented into cars (passenger vehicles), SUV (sport utility vehicles), pickup trucks (commercial vehicle), and others; on the basis of region it is segmented into North America (Canada & US), Latin America (Mexico & Brazil), Europe (Germany & UK) Asia Pacific (China) Middle East & Africa.
Some Of The Growth Factors Of This Market:
- The growth of the Automotive Compressed Natural Gas Cylinders market is driven by the increasing demand for natural gas as an alternative fuel in the automotive industry.
- The increasing number of vehicles powered by natural gas and the growing number of refueling stations are also driving the growth of this market.
- Increasing government regulations on vehicle emissions and rising prices for crude oil are also driving this market's growth.
- Increasing demand for cleaner fuels in developing countries such as India, China, and Brazil will drive this market's growth.
Industry Growth Insights published a new data on “Automotive Compressed Natural Gas Cylinders Market”. The research report is titled “Automotive Compressed Natural Gas Cylinders Market research by Types (Steel, Aluminum Alloy, Composite Materials), By Applications (Cars, SUV, Pickup Trucks, Commercial Vehicle), By Players/Companies Worthington Industries, Hexagon, Avanco, Faber, Ulit, Beijing Tianhai Industry, EKC”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Compressed Natural Gas Cylinders Market Research Report
By Type
Steel, Aluminum Alloy, Composite Materials
By Application
Cars, SUV, Pickup Trucks, Commercial Vehicle
By Companies
Worthington Industries, Hexagon, Avanco, Faber, Ulit, Beijing Tianhai Industry, EKC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Compressed Natural Gas Cylinders Market Report Segments:
The global Automotive Compressed Natural Gas Cylinders market is segmented on the basis of:
Types
Steel, Aluminum Alloy, Composite Materials
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cars, SUV, Pickup Trucks, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Worthington Industries
- Hexagon
- Avanco
- Faber
- Ulit
- Beijing Tianhai Industry
- EKC
Highlights of The Automotive Compressed Natural Gas Cylinders Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Steel
- Aluminum Alloy
- Composite Materials
- By Application:
- Cars
- SUV
- Pickup Trucks
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Compressed Natural Gas Cylinders Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive compressed natural gas cylinders are used to store and transport compressed natural gas.
Some of the major companies in the automotive compressed natural gas cylinders market are Worthington Industries, Hexagon, Avanco, Faber, Ulit, Beijing Tianhai Industry, EKC.
The automotive compressed natural gas cylinders market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Compressed Natural Gas Cylinders Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Automotive Compressed Natural Gas Cylinders Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Automotive Compressed Natural Gas Cylinders Market - Supply Chain
4.5. Global Automotive Compressed Natural Gas Cylinders Market Forecast
4.5.1. Automotive Compressed Natural Gas Cylinders Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automotive Compressed Natural Gas Cylinders Market Size (000 Units) and Y-o-Y Growth
4.5.3. Automotive Compressed Natural Gas Cylinders Market Absolute $ Opportunity
5. Global Automotive Compressed Natural Gas Cylinders Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Automotive Compressed Natural Gas Cylinders Market Size and Volume Forecast by Type
5.3.1. Steel
5.3.2. Aluminum Alloy
5.3.3. Composite Materials
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Automotive Compressed Natural Gas Cylinders Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Automotive Compressed Natural Gas Cylinders Market Size and Volume Forecast by Application
6.3.1. Cars
6.3.2. SUV
6.3.3. Pickup Trucks
6.3.4. Commercial Vehicle
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Automotive Compressed Natural Gas Cylinders Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Automotive Compressed Natural Gas Cylinders Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Automotive Compressed Natural Gas Cylinders Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Automotive Compressed Natural Gas Cylinders Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Automotive Compressed Natural Gas Cylinders Demand Share Forecast, 2019-2026
9. North America Automotive Compressed Natural Gas Cylinders Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Automotive Compressed Natural Gas Cylinders Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Automotive Compressed Natural Gas Cylinders Market Size and Volume Forecast by Application
9.4.1. Cars
9.4.2. SUV
9.4.3. Pickup Trucks
9.4.4. Commercial Vehicle
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Automotive Compressed Natural Gas Cylinders Market Size and Volume Forecast by Type
9.7.1. Steel
9.7.2. Aluminum Alloy
9.7.3. Composite Materials
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Automotive Compressed Natural Gas Cylinders Demand Share Forecast, 2019-2026
10. Latin America Automotive Compressed Natural Gas Cylinders Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Automotive Compressed Natural Gas Cylinders Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Automotive Compressed Natural Gas Cylinders Market Size and Volume Forecast by Application
10.4.1. Cars
10.4.2. SUV
10.4.3. Pickup Trucks
10.4.4. Commercial Vehicle
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Automotive Compressed Natural Gas Cylinders Market Size and Volume Forecast by Type
10.7.1. Steel
10.7.2. Aluminum Alloy
10.7.3. Composite Materials
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Automotive Compressed Natural Gas Cylinders Demand Share Forecast, 2019-2026
11. Europe Automotive Compressed Natural Gas Cylinders Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Automotive Compressed Natural Gas Cylinders Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Automotive Compressed Natural Gas Cylinders Market Size and Volume Forecast by Application
11.4.1. Cars
11.4.2. SUV
11.4.3. Pickup Trucks
11.4.4. Commercial Vehicle
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Automotive Compressed Natural GasCylinders Market Size and Volume Forecast by Type
11.7.1. Steel
11.7.2. Aluminum Alloy
11.7.3. Composite Materials
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Automotive Compressed Natural Gas Cylinders Demand Share, 2019-2026
12. Asia Pacific Automotive Compressed Natural Gas Cylinders Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Automotive Compressed Natural Gas Cylinders Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Automotive Compressed Natural Gas Cylinders Market Size and Volume Forecast by Application
12.4.1. Cars
12.4.2. SUV
12.4.3. Pickup Trucks
12.4.4. Commercial Vehicle
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Automotive Compressed Natural Gas Cylinders Market Size and Volume Forecast by Type
12.7.1. Steel
12.7.2. Aluminum Alloy
12.7.3. Composite Materials
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Automotive Compressed Natural Gas Cylinders Demand Share, 2019-2026
13. Middle East & Africa Automotive Compressed Natural Gas Cylinders Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Automotive Compressed Natural Gas Cylinders Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Automotive Compressed Natural Gas Cylinders Market Size and Volume Forecast by Application
13.4.1. Cars
13.4.2. SUV
13.4.3. Pickup Trucks
13.4.4. Commercial Vehicle
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Automotive Compressed Natural Gas Cylinders Market Size and Volume Forecast by Type
13.7.1. Steel
13.7.2. Aluminum Alloy
13.7.3. Composite Materials
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Automotive Compressed Natural Gas Cylinders Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Automotive Compressed Natural Gas Cylinders Market: Market Share Analysis
14.2. Automotive Compressed Natural Gas Cylinders Distributors and Customers
14.3. Automotive Compressed Natural Gas Cylinders Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Worthington Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hexagon
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Avanco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Faber
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ulit
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Beijing Tianhai Industry
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. EKC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
